Odyssey Marine Exploration Inc (OMEX) Shares Up 5%

Posted on Jun 21, 2016

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Shares of Odyssey Marine Exploration Inc (NASDAQ:OMEX) shot up 5% on Friday . The company traded as high as $ 2.11 and last traded at $ 2.10, with a volume of 94,129 shares traded. The stock had previously closed at $ 2.00.

Separately, Craig Hallum cut shares of Odyssey Marine Exploration from a “buy” rating to a “hold” rating and set a $ 3.50 price objective on the stock. in a research note on Wednesday, April 13th.

The firm’s market capitalization is $ 15.84 million. The company has a 50-day moving average price of $ 2.45 and a 200-day moving average price of $ 3.46.

Odyssey Marine Exploration (NASDAQ:OMEX) last issued its quarterly earnings results on Wednesday, March 30th. The company reported $ 0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($ 0.72) by $ 1.05. Equities analysts expect that Odyssey Marine Exploration Inc will post ($ 2.18) earnings per share for the current fiscal year.

Odyssey Marine Exploration, Inc is a deep-ocean exploration company. The Company is engaged in seafloor mineral exploration and in the search and recovery of deep-ocean shipwrecks across the world. The Company’s techniques are being applied to historic shipwreck projects, modern commodity shipwrecks and mineral exploration.